Tax

For updated news on key tax issues affecting your organization, visit the AICPA Tax Center.

Current highlights include:

• AICPA Practice Guide on Accounting for Uncertain Tax Positions Under FIN  48

Also available are:     

• AICPA Report on Understanding Social Security Reform: The Issues and Alternatives 

• AICPA Report on Understanding Tax Reform: A Guide to the 21st Century Alternatives

This report was created in response to President Bush's Advisory Panel on Federal Tax Reform, charged with making the Internal Revenue Code simpler, fairer and more pro-growth. The Advisory panel is due to release its tax reform recommendations on or before November 1, 2005.

The goal of the AICPA report is to foster informed discussion by providing unbiased facts and analysis of the issues involved in the tax reform debate. In 1995 the AICPA released, Flat Taxes and Consumption Taxes: A Guide to the Debate, which was highly regarded as a balanced analysis of the issues. This earlier report is available online.

In addition to the above, the Tax Center also provides specific tax information in the following areas:

•   Corporations & Shareholders

•   Exempt Organizations

•   International

•   S Corporations

•   Professional Standards & Ethics